Opinion: Obama's Wholesale Supporters

Columnist Mary Anastasia O'Grady on Costco and other companies paying out fatter dividends this year to avoid the tax cliff. Photo: Associated Press

This transcript has been automatically generated and may not be 100% accurate.

... I ... it is almost a third needed tax rates were going to rise next year on capital gains and dividends and bath producing some rather predictable paid big a tear this year but it's also for the upgrade saying a few surprises in terms of people ... reacting to the prospect of those higher taxes and here to talk about though some of those surprises me ... is the editorial pages Mary O'Grady ... and anti Mary so ... tells a little bit about some of the ... chalice a of more unusual of ... profit taking this from occurring here in the last few days in the wake of this is one of things it's expected next year is that taxes on dividends will go up ... and Dom and one of the groups that has been ... promoting the idea that taxes will go up on dividends ... and taxes should go up on rich people ... are some important CEO says and of course present Obama likes to say that ... you know that shows that business likes and now we find out that one present Obama as ... most act at an active supporters in during the campaign why is the former CEO of ... Cosco ... and Costco will be tomorrow ... exactly and he can cost Kohli borrowing ... got millions of dollars to pay a seven dollar dividend ... to shareholders before the end of the year special dividend ... so that all the big shareholders including consented come ... can get his demands now before taxes go up there Bharat borrowing millions to pay fees dividends yen as it turns out that some very expensive because Ben burn Anqi is holding down rates in and printing a lot of money so ... they can do it very cheaply they can enrich themselves ... and they can to avoid paying taxes to Uncle Sam many ... people who say ... that the rich need to pay more to the cells ... of the fastening I was at the Democratic convention in Charlotte and I recall ... Mr. Senegal giving one the most interesting speeches at the convention we actually look look the bills the concrete floor ... we ... we ... we heard ... about job creators ... but our company we recognize that job creation requires time ... and investment and commitment to long term ... her requires companies that plant can grow ... non executives to reap Enron ... the the the the the ... that's how we do our part to build an economy that last ... so ... the goal was talking about companies that plant and grow ... we bought ... doing what cost goes just on is not ... that ... the traditional way of growing ... up company ... that's taking a lot of money out of the company paying into the shareholders ... and I'm basically leaving the company next year with class and I think that will affect the economy ... um but the really embarrassing thing about it should be embarrassing for him ... is that you know he's one these people are standing up there and talking about how ... you know we all have to make issue that sacrifice to the economy in order to pay for ... present Obama has objectives and as it turns out ... he has a special plan on the side to enrich themselves or ... they can use his words we and why he didn't ... well let's move beyond cars golden Mary I mean obviously that they're not the only company doing as individuals are taking a scalpel to profit as well ... it seems to me that this is going to have some effect on twenty thirteen a lot of this activity might have occurred or more productive activity of occurred in twenty thirteen ... yes I'm actually we saw story this morning that set a hunt that hide nonfinancial companies with investment grade ratings have borrowed a hundred billion dollars to send a month in November and a lot of that is going to pay the special dividends ... aam but I think this also ... is important because it ... shows what we always say about how incentives ... are connected to I've tax collection ... and then if you raise taxes people will find ways to get their money out of that ... I've ... added that system and ... raising taxes therefore does not produce the kinds of revenue said ... the government will always propose that the well to wealthy take taxes he now has fifty percent which people will get excise not because rich people like Mr Senegal will move their money and do things in or when those tax rates and a themselves and individuals can become richer Dell ... Arike even if they are